This week's Foreclosure Statistics for Connecticut Counties as reported by The Warren Group. Most numbers are up over last week. Windham County is back on the board and once again, New Haven County has the highest number of Lis Pendens in the state.
FHASecure, under new rules that begin in July, will be open to all subprime ARM borrowers (not just ones whose loans had already reset) no more than 60 days late or 30 days late twice in a 12-month period. Other criteria: they need to have home equity, or cash, equaling 3% of the mortgage principal.
In addition, borrowers three months delinquent or late three times in a 12-month period will qualify if they have 10% home equity. Their lenders can help them qualify by voluntarily writing down loan balances.
This is great news for homeowners with subprime loans. They can now get a new low rate fixed loan through FHASecure without having to be behind on their mortgage. The FHA hopes the program will eventually reach 500,000 borrowers.
The average homeowners saved about $400.00 a month with the FHASecure program.
The class is free of charge and will consist of a 45 minute presentation, followed by a question and answer session. Participants will have the opportunity to schedule private one-on-one sessions with counselors.
Further information is available by calling 889-8364 ext. 401.
Looks like LisPendens are down again this week overall but there is no data for Windham county. New Haven is up slightly as is Tolland county but the others are slightly down. New London county had a large drop this week. Are the foreclosure statistics telling us anything? I think it is too soon to tell, but we'll certainly keep an eye on things.
This week's foreclosure stats from The Warren Group:
Lis
County Pendens Auctions REOs
Fairfield 46 5 -
Hartford 65 3 4
Litchfield 13 - -
Middlesex 13 3 -
New Haven 77 4 1
New London 9 - -
Tolland 14 - -
Windham - - -
Totals: 237 15 5
I finally found the issue with my RSS Feed. There was an issue with one of the Wordpress Plug-ins so I had to deactivate it. No big deal. You can subscribe to the CT Foreclosure RSS Feed by clicking the link in the Sidebar under Subscribe to My Feed.
Here are this week's foreclosure stats for Connecticut's eight counties from The Warren Group:
Lis
County Pendens Auctions REOs
Fairfield 56 11 1
Hartford 70 2 5
Litchfield 14 1 1
Middlesex 14 0 1
New Haven 71 2 3
New London 27 1 0
Tolland 12 0 0
Windham 27 0 1
Totals: 291 18 12
Lis Pendens are down a bit this week and hopefully that is a sign of things to come…but I doubt it.
I just discovered that the RSS feed for this blog (CT Foreclosure) is not functioning. I may as well take this opportunity to completely upgrade this site and give it a much needed makeover. I apologize in advance if the site is unavailable for any period of time while I get this site straightened out and upgraded. I 'm going to try and have this all done by the end of the week.
Yes, it's Cinco de Mayo today. I hope everyone can take a little time to celebrate at least a little.
Here are this week's foreclosure stats from The Warren Group:
Lis
County Pendens Auctions REOs
Fairfield 86 16 10
Hartford 63 2 7
Litchfield 12 1 1
Middlesex 13 0 1
New Haven 168 28 28
New London 20 0 6
Tolland 3 0 0
Windham 4 0 0
Totals: 369 47 53
I hope that formatting comes out okay in the blog. As you can see, the numbers are generally down across the board with the exception of the number of Lis Pendends files in New Haven, which are up big from last week.
Weekly foreclosure statistics for Connecticut broken down by county from The Warren Group:
Fairfield and Hartford Counties making big jumps this month in Lis Pendens filings. Hartford County moves into second place behind Fairfield County, with New Haven County a close third with only a slight rise in Lis Pendens this month.
| State | County | Petitions & Lis Pendens |
Auctions | Bank Owned (REO) |
| CT | Fairfield | 149 | 15 | 11 |
| CT | Hartford | 114 | 6 | 21 |
| CT | Litchfield | 21 | 3 | 0 |
| CT | Middlesex | 30 | 3 | 4 |
| CT | New Haven | 106 | 14 | 24 |
| CT | New London | 47 | 0 | 10 |
| CT | Tolland | 17 | 2 | 2 |
| CT | Windham | 40 | 0 | 18 |
| TOTALS | 524 | 43 | 90 |
Apparently we will be seeing a lot more foreclosure activity on Alt-A loans in the near future as homeowners are simply walking away from their negative equity properties. These loans were made on higher priced homes with buyers who have good credit scores. They are learning that they be better off simply letting their houses go back to the bank than by maintaining ownership of a property that is financially upside-down. I will be doing more research on this and posting about it soon.
Weekly foreclosure statistics for Connecticut broken down by county from The Warren Group:
| State | County | Petitions & Lis Pendens |
Auctions | Bank Owned (REO) |
| CT | Fairfield | 96 | 24 | 30 |
| CT | Hartford | 99 | 6 | 24 |
| CT | Litchfield | 56 | 0 | 7 |
| CT | Middlesex | 6 | 2 | 1 |
| CT | New Haven | 104 | 9 | 32 |
| CT | New London | 37 | 0 | 2 |
| CT | Tolland | 8 | 2 | 1 |
| CT | Windham | 0 | 0 | 0 |
| TOTALS | 406 | 43 | 97 |
Litchfield County making a big jump this month in Lis Pendens filings. Hartford County takes second place behind New Haven County.
